New Delhi: President Droupadi Murmu on Tuesday celebrated the Reserve Bank of India’s (RBI) 90th anniversary, highlighting the institution’s crucial role in India’s economic journey over nearly a century. Addressing the closing ceremony of the RBI’s 90th year celebrations, President Murmu emphasized the importance of creating a financial ecosystem that is innovative, adaptive, and accessible to all, in line with India’s aspirations for Viksit Bharat (Developed India) by 2047.
“The RBI’s remarkable journey over the past 90 years has been closely aligned with the vision and policies of the Government of India. This enduring partnership has been essential in navigating complex economic transitions, implementing critical financial reforms, and ensuring macroeconomic stability,” said President Murmu during her speech.
As India nears the centenary of its independence, the President reiterated the importance of a financial ecosystem that is not only innovative but also inclusive and accessible to every citizen. “The mission of Viksit Bharat 2047 calls for a financial system that supports growth while ensuring that financial services reach all segments of society,” she added.
Looking ahead, President Murmu acknowledged that while the path forward may be fraught with new challenges, the RBI’s commitment to stability, innovation, and inclusivity will continue to guide India towards a future of prosperity. She said, “RBI will remain a pillar of strength, reinforcing trust and steering India towards global leadership.”
The President also reaffirmed the critical role of the RBI as the guardian of monetary and financial stability, and its responsibility in ensuring a sound banking system that drives financial innovation while safeguarding public trust in the nation’s financial ecosystem.
RBI Governor Sanjay Malhotra, speaking at the event, emphasized the pivotal role that the RBI will play in shaping India’s financial architecture in the coming years. “The next decade will be crucial in shaping the financial landscape of India. We are committed to expanding financial inclusion, improving customer services, and strengthening consumer protection,” he said.
Governor Malhotra further highlighted that the RBI would continue to support technology and innovation while maintaining a balance between financial stability and efficiency. “We will remain vigilant, adaptive, and forward-looking as we strive to foster a culture of continuous improvement,” he added.
The event marked a significant milestone in the RBI’s journey, as it continues to play a central role in the nation’s economic growth and financial inclusion efforts. With its legacy of 90 years, the RBI is poised to continue driving India’s progress toward becoming a developed nation by its centenary year.
